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One year after Ford Motor Co. announced its intent to sell its Swedish Volvo brand, the Dearborn automaker has completed a key aspect of the deal with the Chinese buyer -- signaling that the sale is on its way to being completed. Ford has not provided a timeframe for completing the deal.
Ford Motor Co. has reached a deal with its former parts operation Visteon, reorganizing under Chapter 11, which gives the supplier much-needed cash and will allow it to shed unprofitable business.
China's Zhejiang Geely Holding Group Co. said Friday it had reached a deal with Ford Motor Co. on intellectual property rights in its bid for the U.S. company's Volvo unit.
NEW DELHI, Nov. 28 (UPI) -- Tata Motors Ltd., India's largest automaker, says it has posted a third-quarter profit after selling more vehicles and cutting costs.
U.S. automaker Ford Motor Co. and Geely reached a key agreement in negotiations for the Chinese automaker to acquire the Volvo brand, a Geely spokesman said.
Chinese automaker Zhejiang Geely Holding Group and Ford Motor Co., which have been working on a deal for Geely to acquire Ford's Swedish Volvo brand, have reached a deal under which Geely would have ownership of key Volvo technologies and intellectual property, a Europe-based Geely spokesman said.
[A federal judge will hear evidence next month in a proposed civil settlement between Ford Motor Co. and the family of an Amarillo police officer who died in a 2005 traffic accident.
One could say Paul Gribbell works on the railroad. All day long. And what started out as a way to indulge Gribbell's passion for model trains has morphed into an attraction that draws thousands of visitors annually to a former grocery store in Commerce Township.
The U.S. could use a boost in exports, some analysts say, but a deal with South Korea isn't likely any time soon. At a time when the United States desperately needs to boost exports and create jobs, America's free-trade pact with South Korea offers the promise of doing both, say many analysts and businesses especially on the West Coast.
Twenty-five years ago, making a call away from home meant finding a pay phone. The cell phone was virtually unknown. So was the Internet. Now life would be unthinkable without them. And that's what makes futurism so intriguing. What will spur the next big thing, the staggering new technology not yet within our grasp?
DETROIT - Ford Motor Co. says it will produce an all-new purpose-built Police Interceptor specially designed and engineered to replace the Ford Crown Victoria law-enforcement vehicle lineup in 2011.
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